Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 5,180 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 5,180 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $34.66, for a total transaction of $179,538.80. Following the completion of the sale, the president owned 4,542,781 shares of the company’s stock, valued at approximately $157,452,789.46. The trade was a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Nir Debbi also recently made the following trade(s):

• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The stock was sold at an average price of $34.02, for a total value of $234,397.80.
• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.47, for a total value of $135,270.02.
• On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The shares were sold at an average price of $33.70, for a total value of $311,152.10.
• On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The stock was sold at an average price of $33.33, for a total value of $14,965.17.
• On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The stock was sold at an average price of $30.25, for a total value of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The shares were sold at an average price of $30.01, for a total value of $69,113.03.
• On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.57, for a total value of $135,686.62.
• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was sold at an average price of $34.16, for a total value of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The shares were sold at an average price of $34.67, for a total transaction of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total transaction of $7,192.99.

Global-e Online Trading Down 1.9%

Global-e Online stock opened at $35.71 on Tuesday. The company has a 50-day moving average price of $31.61 and a 200 day moving average price of $34.12. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $41.94. The stock has a market cap of $6.06 billion, a P/E ratio of 54.94 and a beta of 1.16.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The company had revenue of $252.09 million for the quarter, compared to analyst estimates of $250.78 million. During the same period in the previous year, the business posted ($0.11) EPS. Global-e Online’s revenue was up 32.8% on a year-over-year basis. As a group, analysts forecast that Global-e Online Ltd. will post 1.11 EPS for the current year.

Hedge Funds Weigh In On Global-e Online

A number of hedge funds have recently made changes to their positions in the stock. Annex Advisory Services LLC boosted its position in shares of Global-e Online by 64.4% during the fourth quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock worth $25,159,000 after buying an additional 250,625 shares during the period. Legal & General Group Plc raised its holdings in shares of Global-e Online by 105.3% in the 4th quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock valued at $22,727,000 after buying an additional 296,466 shares during the period. NZS Capital LLC raised its holdings in shares of Global-e Online by 39.3% in the 3rd quarter. NZS Capital LLC now owns 950,631 shares of the company’s stock valued at $33,995,000 after buying an additional 268,328 shares during the period. Vitruvian Partners LLP lifted its stake in Global-e Online by 21.9% during the 4th quarter. Vitruvian Partners LLP now owns 210,209 shares of the company’s stock worth $8,263,000 after acquiring an additional 37,767 shares in the last quarter. Finally, Spyglass Capital Management LLC lifted its stake in Global-e Online by 63.0% during the 3rd quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock worth $96,665,000 after acquiring an additional 1,044,960 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

GLBE has been the subject of several analyst reports. Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Morgan Stanley decreased their price target on Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Wall Street Zen cut Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Jefferies Financial Group reissued a “buy” rating and set a $40.00 price objective on shares of Global-e Online in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.33.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.